Same house in different locations will produce different rent.

This wholesaler was a fraud that never produced a contract and was trying to steal my funds luckily I did my due diligence and stayed away.

whether or not I should join a team, and how to choose the right company I can grow with.If you have zero experience, save yourself burnout and frustration, join a firm:1) With an experienced person and team that can train you on doing deals2) That provides training on mins for paperwork3) Doing the stuff you like (eg condos in Henderson, NV) and has listings as proof4) That produces leads and does lots of marketing.

When do you expect the property to produce for you?

The cashflow and equity wouldn't just produce income; they'll produce wealth.As far as your lending questions go, find and talk to hard-money lenders in Fort Hood.

The issue we have run into is that our bank will not allow us to finance a new home until we prove our current property produces rent, and it has to be seen on our W2’s.

So, any other expenses aside, just one transaction could cover your expenses (depending on your price point)...Aside from costs, don't forget that brokerages tend to have the new agents "do stuff," e.g. sit the front desk, attend meetings, attend training, actually produce (since brokers make their money from producing agents)...Hope this helps. 

This scenario produces negative cash flow of around $100 per month out of my pocket.SCENARIO 2: 160 acres of grain producing farmland in Saskatchewan.

Luxury househacking a nicer place that happens to have an income-producing rental is still househacking.   

He has a bail of $25,000 but can get out at any time if he can produce $2,500.